Amzn is now in area which called TAZ ( trade action zone), stock trading in area between 10MA & 30EMA, price above a 50 MA and price pull-back to 30EMA in addition W% in below -80, that what i called a bullish set up.
the plan is buy stocks market and stop loss is 137$
good luck
3 May
first chart is 60 min, showing the price find a support near to 62% fibo retracement.
second chart is 60 min also but showing the wedge pattern, notice the divergences in both indicatorwhick give signal of reverse trend, keep watching
4 May
nice candlestock yesterday, maybe i will be buy may 135 call
OOPS ......bad day to market i didnt buy waiting good opportunity.
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